U.S. ‘’Oil Weapon’’ Could Change Geopolitics Forever

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In a dynamic that shows just how far U.S. oil production has come in recent years, the U.S. Energy Information Administration (EIA) said on Monday that in the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported. Continue reading

OPEC Threatens To Kill U.S. Shale

 

The Organization of Petroleum Exporting Countries will once again become a nemesis for U.S. shale if the U.S. Congress passes a bill dubbed NOPEC, or No Oil Producing and Exporting Cartels Act, Bloomberg reported this week, citing sources present at a meeting between a senior OPEC official and U.S. bankers.

The oil minister of the UAE, Suhail al-Mazrouei, reportedly told lenders at the meeting that if the bill was made into law that made OPEC members liable to U.S. anti-cartel legislation, the group, which is to all intents and purposes indeed a cartel, would break up and every member would boost production to its maximum. Continue reading

German Government Approves a Merger of Banks

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Deutsche Bank and Commerce Bank have announced that they will begin merger talks after the government has finally approved that they can lay off workers. For those unfamiliar with the real world behind the curtain, you must realize the extent of socialism in Europe. A major telecom company in Germany called me and asked me to attend an emergency board meeting. They would not even tell me in advance what was so urgent. I flew in that morning from London and to much shock, the board voted to make me the adviser to the company pension fund and never even asked me for a proposal of a fee structure. Then the majority of members resigned. Continue reading

Struggle for Global Power Status

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BERLIN/WASHINGTON (Own report) – The United States is preparing sanctions against European companies participating in the construction of the Nord Stream 2 pipeline, according to senior US government officials. German government officials, on the other hand, predict that US sanctions will lead to a confrontation with the whole of the EU. “We will do everything necessary to complete the pipeline.” At the same time, the power struggle over the participation of the Chinese Huawei Corporation in setting up the 5G grid in Germany and the EU is escalating. After the German government indicated that it would not exclude, a priori, Huawei, the US ambassador in Berlin is threatening to reduce cooperation between the two countries’ intelligence services. US President Donald Trump is also considering calling on countries to pay the full cost of stationing US forces on their soil, plus 50 percent more. German government advisors are pleading for a “policy of ‘softer’ or ‘more robust’ countervailing power formation.” Europe’s “strategic autonomy” is at the core of this power struggle. Continue reading

U.S. Supermajors Could Form A New Oil Cartel

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The ambitious shale growth plans of the U.S. supermajors could in the future allow them to control so much of U.S. shale oil production that they could also control the price of the U.S. light tight oil going to foreign markets in an ‘OPEC of their own kind,’ Investing.com quoted John Kilduff, founding partner at Again Capital, as saying. Continue reading

Struggle over the Silk Road

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BERLIN/ROME/BEIJING (Own repot) – The West’s power struggle against China is provoking new tensions between Germany and Italy. According to reports published last week, the Italian government plans to conclude a cooperation agreement with Beijing within the framework of the “New Silk Road” (Belt and Road Initiative, BRI) to benefit from Chinese investments in Italy’s infrastructure, e.g. the Trieste port and Italy’s power grid. China has already invested in several of the EU’s periphery countries, heavily affected by Berlin’s austerity dictate – such as Greece and Portugal – which gladly welcome these investments as relief. The German government is now beginning to make moves against this. Berlin seeks to prevent the People’s Republic of China from increasing its influence within the EU and fears inner-European resistance if it takes aggressive action against its East Asian rival. Fierce debates are expected at the EU summit at the end of next week and at the EU-China summit on April 9. Continue reading

US warns Germany it will end intelligence sharing if Huawei is given 5G contract

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The United States has warned Germany that intelligence sharing between the two countries will be threatened if the Chinese telecommunications giant Huawei is awarded a contract to build Germany’s 5G network. The company, Huawei Technologies, is a private Chinese venture and one of the world’s leading telecommunications hardware manufacturers. In recent years, however, it has come under scrutiny by some Western intelligence agencies, who view it as being too close to the Communist Party of China. More recently, Washington has intensified an international campaign to limit Huawei’s ability to build the infrastructure for 5G, the world’s next-generation wireless network. Along with Britain, Australia and Canada, the US is concerned that the Chinese telecommunications giant may facilitate global wiretapping on behalf of Beijing’s spy agencies. Continue reading

Niall Ferguson: This is what happens if China wins the new cold war

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Russian president Vladimir Putin and Chinese president Xi Jinping. AP

 

The winter of a new cold war is coming between the US and China, renowned Hoover Institution and Harvard historian Niall Ferguson warned The Australian Financial Review Business Summit this week.

Winning it might decide the 2020 US election. Losing it might be the end of a US dollar-dominated global financial system, if not worse. That’s very scary coming from the man who called the scale of the Soviet communist collapse in 1989 and the US mortgage implosion two years early in 2006. Continue reading

Government Ordering Agriculture Be Removed From Commodity Indexes

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I am in Europe ahead of the May elections as the crisis begins to build. It appears that the powers that be may be talking about Global Warming to justify more taxes, but behind the curtain, these freezing winters are having their impact. The potato crop in Germany has hit a historic low due to the severe summer drought. Continue reading

Will the US Capitulate to China?

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The most important problem that a bilateral deal between the United States and China needs to resolve is Chinese theft of US firms’ technology. Unless the Chinese agree to stop stealing technology, and the two sides devise a way to enforce that agreement, the US will not have achieved anything useful from Trump’s tariffs.

CAMBRIDGE – It’s beginning to look like US President Donald Trump will yield to the Chinese in America’s trade conflict with China. The United States threatened to increase tariffs on imports from China from 10% to 25% on March 2 if no agreement was reached. But Trump recently said that the date is flexible and may be postponed because of the progress being made in the ongoing bilateral talks. Continue reading

China’s Huawei Stealing U.S. Trade Secrets

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A pedestrian walks past a Huawei Technologies Co. store on January 29 in Beijing, China. (Getty Images)

 

This troubling trend fulfills a specific Bible prophecy.

The United States Justice Department unveiled a list of criminal charges against the Chinese telecom company Huawei last month in the latest acknowledgment of China’s systematic theft of American intellectual property and trade secrets.

Most of the charges were related to Huawei stealing intellectual property from T-Mobile, including the firm’s proprietary phone testing technology. Court documents say Hauwei promised hefty bonuses to any employee who was able to gather confidential information on T-Mobile, encouraging them to send photos and spec sheets to Chinese officials. One Hauwei employee was caught stealing a proprietary robotic arm. Continue reading

Europe’s “Geopolitical Identity”

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MUNICH (Own report) – At the Munich Security Conference last weekend, the power struggle between Berlin and Washington openly escalated to an unprecedented level. US Vice President Mike Pence reiterated his ultimatum that Berlin and the EU immediately renounce their political and economic projects, which are not fully in accord with US policy, pertaining particularly to the Nord Stream 2 pipeline and the Iran nuclear deal. German Chancellor Angela Merkel rejected the US demands. In view of the dispute with Washington, German Foreign Minister Heiko Maas declared at the Security Conference that “Europe” faces the “crucial question” whether it will be “the subject or the object of global policy in the future.” It must, therefore, “transform geo-economic capital into geopolitical capital” to become “a cornerstone of the international order” and “develop its own geopolitical identity.” Maas is expressing his demands, at a time, when the EU’s Iran policy is about to fall apart and the European power base needed for Berlin’s ambitions is crumbling.

Continue reading

Exclusive: Iran charts active plans for fighting “Trump’s economic war”

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Tehran is deep in hectic discussions on ways to fight crippling US sanctions – whether by terror or fast-tracked nuclear development, DEBKAfile’s exclusive military and intelligence sources reveal. Continue reading

How New Silk Roads Are Shaping Southwest Asia

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The tall buildings of Abu Dhabi. Business people in the United Arab Emirates and other parts of the Middle East are thinking about being part of the Belt and Road scheme. Image: iStock

 

Businesses in the Middle East have begun to think ‘Make trade not war’ and being part of China’s Belt and Road scheme

Singapore, aiming high for the status of Asia’s unofficial capital, seems like the ideal venue for a conference to discuss how the Middle East could learn a few lessons from ASEAN’s multi-layered relations with China, especially involving partnership in the New Silk Roads, or Belt and Road Initiative (BRI).

But first, let’s get things straight. The “Middle East” is, of course, a Eurocentric, Orientalist denomination. From Asia’s – and China’s – cultural and geographical point of view, the “Middle East” is correctly seen as Southwest Asia. Continue reading

Preparing to Storm America’s Castle

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A foreign power that controls the Caribbean Sea could cripple the U.S. economy.

The United States is being threatened by hostile nations taking over the Caribbean Sea. Major news sources pay little attention to this region, but the Caribbean is vital to U.S. security. This sea not only connects the East Coast with the Pacific Ocean via the Panama Canal, it guards the mouth of the Gulf of Mexico. Half of America’s seaborne trade passes through the Gulf. So a foreign power that controls the Caribbean could cripple the U.S. economy by restricting its access to oceanic shipping.

This geographic reality is why Russia and China want to challenge U.S. dominance in the Caribbean. These aspiring superpowers are forging alliances with socialist governments in Cuba, Nicaragua and Venezuela. If these Latin dictatorships become staging grounds for Russia and China, a coalition of nations could potentially cut off U.S. access to the Panama Canal and seal off the Straits of Florida and the Yucatan Channel.

As shocking as this scenario sounds, the Bible reveals that enemies will seize control of the world’s most strategic maritime choke points and lay siege to the United States. America is going to lose access to the Panama Canal, the Straits of Florida, the Windward Passage, the Yucatan Channel and many other shipping lanes that its people rely on for food, electronic components, oil, raw materials and other goods.

The results will be devastating. Continue reading